EU Takes Groundbreaking Step to Regulate Artificial Intelligence, but Critics Cite Concerns over Tech Monopolies and Loopholes

Brussels, Belgium – The European Union (EU) has taken a significant step by introducing groundbreaking legislation to regulate artificial intelligence (AI). While some argue that the measures are insufficient, others warn that they could impose undue restrictions on companies operating in the AI sector. In response to the rapid advancements in AI, EU policymakers have been proactive in issuing rules and guidance for tech companies. This week, the European Parliament unanimously approved the Artificial Intelligence Act, which adopts a risk-based approach to ensure compliance with the law before AI products are made available to the … Read more